International Law

CHANGES IN OWNERSHIP OF REAL ESTATE NOW MUST BE REPORTED [FLORIDA]
The assessed value of real property is typically adjusted by the county tax appraisers upon a sale of real estate, based on the amount paid for the real estate. However, if the real estate is owned by an entity, such as a corporation, LLC, or partnership, and it is the ownership interests in the entity that are sold (and not the real estate itself), the property appraiser typically has no notice of the sale or the price involved, and thus no valuation adjustment based on the sale usually occurs...

Real property not transferred to a trust passes with stock of a holding company
The testator?s will poured over the residue of his estate to his lifetime trust which directed the trustee to distribute to named persons certain parcels of real property owned by a corporation of which the testator was sole shareholder...

CHARITIES AS POLICEMEN
Unbeknownst to many charities, they have been recruited as policemen in the war on terror. Anti-terrorist measures impose penalties on grant-making nonprofit organizations that make grants to individuals or organizations that engage in or support terrorism - nonprofits who fail to police their grantmaking and properly investigate their grant recipients could find themselves in trouble...

The House You Owned Before The Marriage
If a married couple gets divorced, and one of the spouses owned their home before the marriage, the house is part marital property and part nonmarital property. The value of the house at the time of the divorce can be...

Are Joint Tax Refunds Protected As Entireties Property When One Taxpayer Files Bankruptcy
Florida law presumes that personal property owned jointly by married couples is tenants by the entireties property which is exempt if one spouse files bankruptcy individually. A new client this past week asked me if a tax return he expects....

DEVELOPMENT RIGHTS ARE LIKE-KIND PROPERTY
Section 1031(a)(1) provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for investment...

Nanotechnology Law
Intellectual property laws

Property ID Class Action
Settled for $39 Million

Chicago Golf Course
101 Year Old Owner Must Get $25 Million for Property

Zurn Pex Inc.
alleging faulty and defective plumbing led to property damage.

Sony Lithium Ion Batteries Recalled
Reports of Overheating, Burns and Property Damage

Marshall Astor
Over $1.35 million in property, art and jewelry returned in elder care abuse lawsuit.

US Government
alleging land surveyors should not be allowed on private property to build a US Mexican border wall.